Lido Shuts Down Solana Liquid Staking Service Following Group Vote, Citing Low Charges
Lido Finance, a decentralized liquid staking know-how, is ceasing operations on the Solana blockchain.
In consequence, starting October 16, Lido will now not settle for staking requests on Solana. Off-boarding of voluntary node operators begins on November 17, with customers needing to unstake on Solana’s interface by February 4. Lido famous that the choice, whereas robust, was judged necessary for the sustainability of Lido’s ecosystem.
Lido’s staking companies now completely function on Ethereum and Polygon, with important quantities staked on each platforms.
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